The Securities and Exchange Commission has suspended share trading on the country’s twin bourses on Sunday. This move was taken by the regulator for the first time in the country as stocks have been crashing day after day, precipitating violent demonstrations for some weeks now. SEC also
Month: January 2011
Twin tragedy
9 killed as bus ploughs thru rescuers of road crash A three-bus pileup in thick fog killed nine people and injured 45 others in Pirganj upazila of Rangpur yesterday morning. The first crash occurred at around 7:00am when a speeding bus of Uttar Banga Paribahan rammed from behind a Dhaka-bound bus of FK Line on ... Read more
Bishwa Ijtema begins today
The annual Bishwa Ijtema of Tablig Jamaat—one of the worled’s largest congregations of muslim devotees—begins today on the bank of the river Turag in Tongi amid religious fervour and tight security measures taken by the authorities. This will be the first of the two phases of prayers as the organisers for the first time decided
Protests all over for Mashrafee
Protes-ters in the hometown of pace bowler Mashrafee bin Murtaza observed a half-day general strike on Thursday following the former captain’s omission from Bangladesh’s final 15-man World Cup squad. They also burnt an effigy of coach Jamie Siddons and vandalised some vehicles in the district town of Narail, 300kms (188 miles) southwest of
Dull ending of first phase
The first leg of the Dhaka Premier League ended with a mediocre performance as CCS lost to Gazi Tanks Cricketers by one wicket in the eleventh round match at the Fatullah stadium on Thursday. Although Bangladesh Biman, CCS and Kalabagan finished on equal 12 points after the completion of the eleventh round, Biman and CCS ... Read more
Prime Bank badminton
Four shuttlers advanced into the next round of the Prime Bank Pallima Sangsad Badminton tournament beating their respective rivals on the opening day at the Sangsad premises at Khilgoan yesterday. In the men’s singles, Rana, Humayun Kabiar, Lal Chand and Pesta defeated Sony, Deen Islam, Biplob and Lion respectively all by 2-0 sets while the ... Read more
Street Cricket starts
A six-a-side cricket tournament called the Polar Ice Cream Street Cricket started at the Dhanmondi Club ground on Thursday to create the cricket hype among the youth ahead of the World Cup. The 13-day long tournament will follow the rules of street cricket and it is open to all and any team, composed of seven ... Read more
Legal notices served on ministries, bodies
Bid to Save Dhanmondi Lake Legal notices served on ministries, bodies Bangladesh Environment Lawyers Association (Bela) yesterday served legal notices on two ministries and several other government offices demanding preservation of Dhanmondi Lake and keeping the environment of Dhanmondi residential areas free from pollutions. Bela served the notices on the mayor of Dhaka City Corporation ... Read more
Experts for integrated pest management
Experts at a seminar yesterday stressed the need for developing Integrated Pest Management (IPM) to ensure sustainable agriculture for safe crops. IPM refers to replacement of chemical fertiliser by bio-pesticides, organic fertilisers and innovate pest tolerant agro crops that protect the corps from pests as well as keep the environment free
Nation pays homage to mass upsurge hero Asad
Hero of the 1969 mass upsurge, Shaheed Asad, was remembered by the nation with fervour yesterday. Different political, student, and cultural organisations observed the 42nd death anniversary of the martyr (Shaheed Asad Day) in a befitting manner. Revolutionary Workers Party (RWP) organised a rally in his memory near Dhaka Medical College
‘Stop felling trees in city’
Nirapad Development Foundation (NDF), an environmental organisation, yesterday criticised felling of trees surrounding the Sher-e-Bangla National Stadium at Mirpur in the name of beautification ahead of the World Cup Cricket. At the same time, little trees have been fenced by cement in such a way that those trees will not
Dhaka-N’ganj new commuters’ train from tomorrow
A pair of new commuters’ train will ply Dhaka-Narayanganj route from Saturday to ease regular transport crisis of city dwellers. Communications minister Syed Abul Hossain is scheduled to inaugurate the service at Kamalapur Railway Station, according to sources in
‘Nutrition still a problem’
Speakers at a workshop said mainstreaming nutrition in the health services is essential to achieve the Millennium Development Goals. They said malnutrition continues to be a pervasive problem in the country. Helen Keller International, Bangladesh and AED, with support from USAID organised the workshop on nutrition at a hotel in the city yesterday
DSE’s market capitalisation declines by Tk 84,460cr
The market capitalisation of Dhaka Stock Exchange has declined by Tk 84,460 crore over the past one and a half months, with its general index losing 2,592 points due to the ongoing volatility in the country’s securities market. The market capitalisation of the country’s premier bourse came down to Tk 2,83,611 crore on
All ends in the blink of an eye
Every one was waiting for the trading to begin. The trading was slated to start at 1:00pm instead of the usual 11:00am. The bourse authorities curtailed the trading time by two hours fearing that more trading would mean a greater fall. Investors at a brokerage house at Motijheel were watching the DSE president’s press
DSE ignores members despite continuous crisis
The authorities of the Dhaka Stock Exchange have not solicited any advice or suggestions from the exchange’s members and concerned quarters although the volatility in the capital market has been continuing for one and a half month. A number of stockbrokers, who are the members of DSE, said that they were neither consulted
DSE requests probe into market manipulation
Authorities of the Dhaka Stock Exchange on Thursday requested the government to find market manipulators and take actions against them. ‘The government should find market manipulators and punish them,’ said Shakil Rizvi, president of the DSE, at a press briefing at Sheraton Hotel in
Yunus signs clothing deal with French company
Yunus Centre and ID Group, a French company, yesterday signed a deal to produce functional clothing for children of 0-5 years under social business in Bangladesh. The business will also provide technical training to the rural poor and generate employment. It plans to start production by the
Carat wins Global Media Network
Carat has been awarded Campaign’s 2010 Global Media Network of the year award for the third time in five years, said a recent statement of media and market research company Aegis Group. The award reflects several important management appointments and a strong new business performance in the US and Asia Pacific, supporting Carat’s global position ... Read more
Olitalia launches olive oil
Italy-based Olitalia Corporation launched its olive oil products in the Banlgadesh market recently. Local company Fair Distribution will distribute the product. Olitalia, an ISO certified company, is one of the world’s leading edible oil producer and its business expands over 130 countries in the